1.

From where will the US get sustained economic growth? The US consumer may get more stimulus checks, but that will come at the price of a falling dollar. Interest rates will peak soon. Take advantage of higher interest rates now. Some fixed rates are above 3%. It’s a good time to start moving away from volatile assets…

2.

They say that the Oracle of Delphi would often speak in “foreign tongues” when divining the future. It was later posited that Delphi’s oracle was in an altered state from the fumes of methane and CO2 emitted from its bedrock cracks. Well, Cathie Wood of Ark Fund fame is a modern day Oracle. She spews facts with no basis and you would swear she spoke in her own language. In my opinion, she’s a witch doctor of the highest regard…

3.

Buffers annuities (BAs) can protect consumer account values up to 25-30% of stock market downside. But there’s a big issue here; the overall market is at least 80% over-valued historically. So these buffer annuities won’t make a dent in losses when the big storm hits. BAs have value, just not in a market this expensive.

4.

I saw this quote the other day; “There’s not a product or theory a fee can’t destroy.” The free market is built on risk/reward. A fee can change that dynamic. Be aware of client fees and its effect on performance. And most importantly, the value you offer to clients.

5.

Advisor101: Owning hard assets when markets are expensive is a sound decision. I recommend gold coins for a small percentage of a senior’s portfolio. Isn’t it a good idea to try and cover all bases? Do your research today.